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Nov 28, 2012
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house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bech they've invested in to be that'snd it has to be there. republicans anyblicans are demanding in any fiscal cliff deal. o raisew never to raise taxes on the w o entitlement programs now gobbling up more than 60% of annual federal spending. that means the white house to dough if i liberal democrats or >> the p enrage republicans. ted to thesident is very committed to the proposition itht we can deal with these challenges if we come together oach.dopt a balanced approach. >> i may sound glib what i'm about to say but this white house is really serious about an issuewhen it goes to twitter. anew white house hash tag on preserving the middle class tax preserving. that's $2,000, average amount that taxes would rise if the bush era texas cuts are not ttended. eek white house plans to hammer its issue all week, believing it will increase its leverag
house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bech they've invested in to be that'snd it has to be there. republicans anyblicans are demanding in any fiscal cliff deal. o raisew never to raise taxes on the w o entitlement programs now gobbling up more than 60% of annual federal spending....
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Nov 20, 2012
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when the president returns to washington, he will have to focus on the economy and the looming fiscal cliff. wall street is already focused on those talks. ce ceo of goldman sachs, lloyd blankfein said that a budget deal would be a challenge to average americans. >> we're going to have to undoubtedly do something to lower people's expectations, the entitlements and what people think they are going to get, because they're not going to get it. >> social security medicare medicaid? >> you could go back and look at the history of these things. social security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career. there will be things that the retirement age has to be changed, maybe some of the inflation adjustments have to be revised but in general entitlements have to be slowed down and contained. >> because we can't afford them going forward? >> because we can't afford them. >> with us now, national journal white house correspondent major garrett. good morning. congratulations as well. welcome to cbs. >> thank you. >> let me ask you, there's so
when the president returns to washington, he will have to focus on the economy and the looming fiscal cliff. wall street is already focused on those talks. ce ceo of goldman sachs, lloyd blankfein said that a budget deal would be a challenge to average americans. >> we're going to have to undoubtedly do something to lower people's expectations, the entitlements and what people think they are going to get, because they're not going to get it. >> social security medicare medicaid?...
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Dec 12, 2012
12/12
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. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red herring." the top senate democrat doubted a fiscal cliff deal would be l cli wrapped in time for christmas. >> i think it's going to be extremely difficult to get it done before christmas. >> reporter: speaker boehner is meeting at this hour with house republicans. despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over t
. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red...
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Dec 7, 2012
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. >>> meanwhile back here at home, the fiscal cliff threatens to shake our economy. and this morning there's still no sign of a budget agreement. mandatory spending cuts and tax hikes will take effect in 25 days if there is no deal. president obama was in the holiday spirit last night as his family lit the national christmas tree. earlier he warned the budget crisis would dampen the holidays. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stressed they're going to be. >> the president repeated that if republicans refuse to raise tax rates on wealthy americans, there will be no deal. and speaking of spending money, this sunday morning on "face the nation," bob schieffer talks with the author of the bowles-simpson deficit-cutting plan, erskine bowles and alan simpson. >>> here's a million-dollar question. should passengers be allowed to use electronic devices during takeoff and landing? this morning the fcc says yes. it's written a letter urging the faa to allow t
. >>> meanwhile back here at home, the fiscal cliff threatens to shake our economy. and this morning there's still no sign of a budget agreement. mandatory spending cuts and tax hikes will take effect in 25 days if there is no deal. president obama was in the holiday spirit last night as his family lit the national christmas tree. earlier he warned the budget crisis would dampen the holidays. >> we're in the midst of the christmas season. i think the american people are counting...
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Nov 22, 2012
11/12
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. >> reporter: both men say the failure to reach a fiscal cliff compromise this year would risk the entire economy. the good news, they say, is that congress and the president seem to agree on that. for cbs this morning, wyatt andrews, washington. >> that's an interesting piece. because everybody i know in washington involved in this thing looks at simpson/bowles as the model they should work off of. >> it's interesting to go back where we started two years ago. grab your shorts. >> they've got more support at the time. looking at different circumstance today. there's something that's not on the chopping block in washington. president obama pardoned cobbler and his alternative gobbler in an annual white house tradition. the president said yesterday that life's all about second chances. americans have been giving holiday turkeys to the white house since the 1800s. president eisenhower and president lyndon johnson ate the turkeys they were given. >> what are their names? >> cobbler and gobbler. >> cobbler and gobbler. okay. >>> hundreds of families in the chicago are getting turkey this than
. >> reporter: both men say the failure to reach a fiscal cliff compromise this year would risk the entire economy. the good news, they say, is that congress and the president seem to agree on that. for cbs this morning, wyatt andrews, washington. >> that's an interesting piece. because everybody i know in washington involved in this thing looks at simpson/bowles as the model they should work off of. >> it's interesting to go back where we started two years ago. grab your...
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Dec 3, 2012
12/12
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on purchase decisions for all of us and clearly would slow down the economy. so we really do need to come together with a joint solution. >> alan mulally, jim farley, thank you. >> lincoln. >> yeah. all right. charlie -- >> very competitive business. >> nasa is an interesting story that we're talking about too this morning. >> what the curiosity recover has found on mars and got a lot of people talking. ne [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like war
on purchase decisions for all of us and clearly would slow down the economy. so we really do need to come together with a joint solution. >> alan mulally, jim farley, thank you. >> lincoln. >> yeah. all right. charlie -- >> very competitive business. >> nasa is an interesting story that we're talking about too this morning. >> what the curiosity recover has found on mars and got a lot of people talking. ne [ male announcer ] this is bob, a regular guy with an...
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Dec 27, 2012
12/12
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cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive parking meters. >> what do you think about that? >> too much. >> all that -- >> smith catches, shoots puts it up, puts it in at the buzzer! j.r. smith with another game winner! >>> what is your favorite app? >> scrabble. >> sometimes i want to yank that out of your hands. >> and all that matters. >> an endangered thin backed whale watched up on the breezy point section of queens. >> on "cbs this morning." >> i know he's smiling but that medal hanging around his neck there's a 40% chance he'll hang himself with it. captioning funde
cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport...
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Nov 15, 2012
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obama was also asked about the most pressing economic issue facing him and congress, the fiscal cliff. >> but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and, according to economists, will have the least positive impact on our economy. a modest tax increase on the wealthy is not going to break their backs. >> one of the most frequent criticisms we've heard from members on both sides is that you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your relationships with congress in the second term? >> look, i think there's no doubt that i can always do better. i think all of us have responsibilities to see if there are things we can improve on. i don't exempt myself from needing to do some self reflection and see if i can improve our working relationship. >> reporter: the president will be landing in new york city in about an hour and a half to tour the devastation left by hurricane sandy. then tomorrow he sits down with congressional leaders from both sides to discuss ways to avoid go
obama was also asked about the most pressing economic issue facing him and congress, the fiscal cliff. >> but what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford and, according to economists, will have the least positive impact on our economy. a modest tax increase on the wealthy is not going to break their backs. >> one of the most frequent criticisms we've heard from members on both sides is that you haven't done enough to reach out and...